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£1,150,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 1.150m - 1.2m A well presented and extended 4-5 Bedroom Detached Residence offering almost 2,500 sq ft located just a few minutes walk away from Bromley High School and backing onto Jubilee Park. Downstairs the property boasts a full width rear extension accommodating an almost 30 sitting/dining room with cleverly concealed double doors leading to the 24 kitchen with central island and both rooms boasting dual sets of double glazed doors opening onto the 138 ft garden. There are a 2 further reception rooms, ( one could be utilised as bedroom 5), handy downstairs shower room/ W.C, utility room and a separate office to the rear,
Upstairs are 4 double bedrooms, 2 with built in wardrobes, and spacious family bathroom with separate W.C.
Outside the lovely garden has a large patio with ample space for table and chairs together with an 8 person hot tub (included!) plus a herringbone front driveway with parking for several cars.
Bickley and Petts Wood stations with services to London are both within a 15 minute walk as are local shops at 'The Fairway and Petts Wood. The property is also well served by bus services
Further shcools nearby include Southborough Primary, St. James Primary, Bickley Park School (pre and prep schools), Bishops Justus Church of England School and Bullers Wood Girls and Boys Schools.. Altogether a splendid family home.
(Please note the vendor informs us the ground floor foundations are deep enough to take a first floor rear extension, subject to the usual permissions being obtainable)
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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